XME — State Street SPDR S&P Metals & Mining ETF

XME Price Performance — Growth of $10,000

Value of a $10,000 investment in XME over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

XME Drawdown

The "underwater" chart: XME's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The State Street SPDR S&P Metals & Mining ETF (XME) is a Materials sector fund managed by State Street Investment Management with $4.38 billion in assets under management. Tracked across 15 ETFs in the Materials category, the fund holds an overall rank of #239 out of 458 tracked ETFs across all categories. It has received an ETFValuer grade of C, reflecting a score of 60.5 out of 100. The fund charges an expense ratio of 0.35% and currently offers a dividend yield of 0.31%. With a trading price of $101.74, the substantial asset base suggests significant investor adoption within the sector. These metrics collectively position the fund as a mid-tier option in terms of ranking and cost efficiency relative to its peers.

Recent price action shows a decline of 1.39% over the last day, following a 3.45% gain in the previous week. Over the last month, the fund has dropped 5.11%, contributing to a year-to-date loss of 5.26%. The three-month return stands at -13.46%, while the six-month period reflects a deeper decline of 22.05%. Despite these shorter-term losses, the fund has posted a 1-year return of +30.24%. This positive momentum extends further back, with a 3-year return of +92.11% indicating strong long-term growth despite recent volatility. The data reveals a divergence where short-term performance has turned negative while the longer-term trajectory remains positive.

The fund carries a volatility label of Very High, supported by a beta of 1.40 which indicates price movements that are more pronounced than the broader market. A Sharpe ratio of 0.69 suggests the fund has generated moderate risk-adjusted returns relative to the volatility experienced. This risk profile is further illustrated by a maximum drawdown of -30.47%, representing the largest peak-to-trough decline recorded. The combination of high beta and severe drawdown implies the fund experiences significant swings during both up and down market conditions. Investors should expect amplified price movements compared to less volatile assets, consistent with the fund's classification in the Materials sector.

AI-generated summary based on the data on this page.

XME Top Holdings

Holdings as of 2026-03-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 46.9% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how XME's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With XME

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with XME's top 10 — MDYV overlaps most, holding 3 of the same companies as XME's top 10 (14.8% of XME's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 4.71% (as of 2026-07-23) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 18.70 (as of 2026-07-23) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.63% (as of 2026-06-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

XME Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 0.41% and average daily volume is 2.2M/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $4.38B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: XME is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

XME Performance History

How XME Compares to Other Materials ETFs